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Sep 28, 2017 - 34 minute read

Personal loan interest rates in thailand

So if you borrowed ВЈ100 at 40 APR for a year, you'd have to pay back the loan plus ВЈ40. The APR is sometimes referred to as the 'interest rate'. However personal loan interest rates in thailand also includes any other charges and administration fees, except where they are avoidable, such as late repayment fees. Why an annual rate. I'm only borrowing for a month or two. When lenders advertise loans, they must show the APR by law.

People cash loans monthly repayments money for different lengths of time, so the annual percentage rate gives a standard way of comparing loan costs. It doesn't mean the lender will actually lend you money for a year, but it's the standard for comparing deals. If you pay back your loan in less than a year, you'll pay less than the annual rate in interest.

I'm not a maths whizz, how can I understand APR.

Personal loan interest rates in thailand

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Personal loan interest rates in thailand

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